Concept of actual unemployment-natural rate of unemployment

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Distinguish between the concept of actual unemployment and natural rate of unemployment (NAIRU: Non-accelerating inflation rate of unemployment) with examples.. If the current actual unemployment rate is 6.6%, how do you compare this rate with NAIRU you have learned about in the text book?

Reference no: EM131246809

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Concept of actual unemployment-natural rate of unemployment : Distinguish between the concept of actual unemployment and natural rate of unemployment (NAIRU: Non-accelerating inflation rate of unemployment) with examples.

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